ISS ESG has launched its enhanced Modern Slavery solution, a development in investor tools for monitoring and reporting portfolio risks.
Specializing in comprehensive risk assessments related to modern slavery and human rights, ISS ESG leverages its expertise to support sustainable and ethical investment practices.
The introduction of the Modern Slavery solution is primarily driven by the increasing regulatory focus on corporate disclosure concerning modern slavery and supply-chain transparency. This is particularly pertinent in markets with stringent regulatory enhancements such as Australia, the UK, Canada, France, the Netherlands, Germany, and Norway.
ISS ESG operates as a leading provider of sustainable investment solutions, with a focus on creating tools that assess environmental, social, and governance (ESG) factors across various industries and countries. Their services are geared towards enhancing the transparency and responsibility of corporate operations globally.
The newly launched product features a sophisticated scorecard and portfolio report that utilizes a diverse dataset sourced from ISS ESG’s proprietary solutions and external databases like the US Department of Labor. This tool evaluates 25 quantitative and qualitative factors designed by modern slavery and human rights experts, aiming to provide investors with a detailed analysis of potential risks within their portfolios.
This solution not only helps in assessing risks but also supports investor reporting on modern slavery risks, disclosures, performance, and controversies. It is designed to facilitate due diligence and engagement strategies by providing detailed insights into the exposure and management of modern slavery risks within portfolio companies.
Moreover, the Modern Slavery solution supports investors by integrating data into in-house assessments and identifying high-risk or poorly performing companies. This function is essential for investors committed to ethical and responsible investing, allowing for more informed decision-making processes.
Head of ISS ESG, Till Jung, emphasized the timeliness of this launch, noting, “The new launch is timely in light of improving corporate modern-slavery and supply-chain related disclosure in markets such as Australia, the United Kingdom, Canada, France, the Netherlands, Germany and Norway, driven by significant regulatory developments in recent years.” Jung added, “The modern slavery solution’s new reporting functionality allows clients to upload their portfolio and download a report which details their risk exposure and also demonstrates how their holdings are managing modern slavery risks.”
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